Volkswagen may be facing a record-setting US$15 billion in compensation payments in the US alone, according to reports. Sources close to the matter have told Reuters that VW’s ongoing settlement with US regulators is valued at around the US$15 billion mark, which would be the largest automotive buyback in US […]
Search Results for: dieselgate
VW Group gets approval to fix another 1.1 million dieselgate cars
Volkswagen has announced the approval of a proposed fix for a further 1.1 million vehicles, bringing the total approved fixes to 2.5 million units out of around 11 million. Germany’s Federal Motor Transport Authority (KBA) officially gave Volkswagen the go-ahead for a further 1.1 million units to be replaced in […]
VW has only fixed 50,000 dieselgate cars in Europe, 8.45 million to go
Following delays, Volkswagen has admitted that its initial plan to fix affected vehicles will take longer than first thought. Of the 8.5 million European cars impacted by the emissions scandal, Volkswagen has now confirmed only 50,000 units have been fixed by dealers. The news was announced by VW sales chief, […]
Volkswagen reaches agreement with US authorities over dieselgate
Following unsuccessful attempts, Volkswagen and the US Department of Justice have reached an agreement on resolving the fallout of the so-called dieselgate emissions scandal. The deal was brokered by Robert Mueller, a former FBI director, in conjunction with the US Department of Justice, Environmental Protection Agency, California Air Resources Board […]
Volkswagen submits proposed fix for dieselgate to EPA
Embattled manufacturer Volkswagen has submitted what it claims is a fix for its controversial diesel powertrains to the US Environmental Protection Agency (EPA), and California Air Resource board. While specific details are not known at this stage, Volkswagen confirmed last Friday that the plans were submitted. In addition, VW has […]
Bentley considers even bigger SUV than Bentayga – report
Bentley is considering launching more SUVs, including one that’s even bigger and grander than the Bentayga, along with a smaller one to suit a wider market and an elegant coupe version, the company’s CEO has revealed. Speaking in an Automotive News report recently, Bentley CEO Adrian Hallmark said last year […]
Volkswagen fined $125 million, breaching Australian Consumer Law
You probably thought the VW dieselgate scandal was just about over, right? Wrong. It’s been announced today the Federal Court in Australia has just ordered Volkswagen AG to pay a record AU$125 million fine. The fine was originally negotiated at AU$75 million following outcomes of investigations by the Australia Competition […]
Porsche global sales up 2.0% for 2019 first half
Porsche has delivered 133,484 vehicles around the world in the first six months of 2019, which is up 2.0 per cent on the efforts achieved during the same period last year. Growth, primarily, was driven by the new Cayenne large SUV. The company’s sales revenue grew 9.0 per cent to […]